It appears some small investors/traders are hitting their stop gaps or just simply selling as they did not make a quick buck. The SP fell 0.003 on a volume of just 308K. At present listings 1.6M shares would see us back at 0.040
It also appears no major players are selling and majority of small holders are sitting as there has been no news either way. I suspect we may not hear anything for a couple of months now that the Summer Break is here.
IMO, silence from the Company does not do investors any favours, a short update of their expectations re possible reply timeline may assist or shore up nerves.
Personally mine are tucked away and I'm keeping an eye on the SP and Op's with the view of possibly pouncing on a few more if it continues on down. One musn't forget that until we have project approval, we are still a Spec. share or punt no matter all the hard work and progress CNX has done. For my money that simply bolsters the chance of success, but still doesn't guarantee it.
The next month or two will probably test a few nerves and patience is harder when so close to a result.
CNX Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
